More than 2.14 billion global consumers are expected to buy goods and services online in 2021, according to Statista. That is up 29% from 1.66 billion digital customers just six years ago. This rapid change in shopping habits is driving retailers’ digital transformations and ever more advanced technologies. Many retailers have begun automating back office functions like claims processing, accounting and inventory management.
Though we’re living through a time of extraordinary innovation in GPU-accelerated machine learning, the latest research papers frequently (and prominently) feature algorithms that are decades, in certain cases 70 years old. Some might contend that many of these older methods fall into the camp of ‘statistical analysis’ rather than machine learning, and prefer to date the advent of the sector back only so far as 1957, with the invention of the Perceptron.
Machine learning and artificial intelligence (AI) systems have long been touted as the future of medicine. A patient can walk into a doctors office, and after a quick scan discover their risk for a variety of diseases, and be given information on how to prevent them from occurring. Patients suffering from diseases like cancer can have treatment decisions made by an AI that can optimize care and maximize likelihood of survival.
After talking to machine learning and infrastructure engineers at major Internet companies across the US, Europe, and China, two groups of companies emerged. One group has invested hundreds of millions of dollars into infrastructure to allow real-time machine learning and has already seen returns on their investments. The other group still wonders if there’s value in real-time machine learning.
Over the years, this biweekly letter has provided me with the opportunity to fully and fairly document just how much free time college students can have if they try. My college roommates tried really hard.
While the global spend on artificial intelligence (AI) and machine learning (ML) was $50 billion in 2020 and is expected to increase to $110 billion by 2024 per an IDC report, AI/ML success has been hard to come by—and often slow to arrive when it does. There are four main impediments to successful adoption of AI/ML in the cloud-native enterprise.
Closing the gap between their organization’s choice to invest in a data science and machine learning (DSML) strategy and the needs that business units have for results, will dominate data and analytics leaders’ priorities in 2022. Despite the growing enthusiasm for DSML’s core technologies, getting results from its strategies is elusive for enterprises.
More and more agencies and brands are relying on machine learning these days to analyze mountains of data and provide insights they can use to better inform advertising campaigns. Using ML, artificial intelligence tools can recognize patterns in data gleaned from existing campaigns to see how ads are impacting customer engagement, purchase intent and conversion rates.
It’s true that AI and machine learning have already provided us with some opportunities to transform entrenched methods of recording and monitoring communications in regulated industries. However, to date, most companies’ injection of AI has been limited and solutions have been piecemeal. But that’s all about to change as the rapid expansion in the applications of AI in compliance is just around the corner.
Almost everyone nowadays understands what machine learning is. Some of the most exciting machine learning trends in the coming years have the potential to completely transform our current social, industrial, and economic structures. Furthermore, the machine learning industry is rapidly expanding, opening up a plethora of opportunities for business expansion.
